STOCKHOLDERS' EQUITY AND EARNINGS PER SHARE (Tables)

3 Months Ended

Mar. 31, 2019

Disclosure of Compensation Related Costs, Share-based Payments [Abstract]

Schedule of Earnings Per Share, Basic and Diluted

he following table presents a reconciliation of net loss to net loss attributable to common shareholders used in the basic and diluted earnings per share calculations for the three months ended March 31, 2019 and 2018 (amounts in thousands, except for per share data):

	Three Months Ended March 31,
	2019			2018
Earnings allocable to common shares:
Numerator - Loss Attributable to Common Shareholders:
Net loss	$	(5,013	)	$	(3,794	)
Net (income) loss attributable to non-controlling interest	(123		)	90
Preferred dividends	(1,989		)	(1,409		)
Net loss attributable to common shareholders	$	(7,125	)	$	(5,113	)
Denominator - Weighted average shares:
Weighted average common shares outstanding for basic and diluted earnings per common share	16,392,286			16,665,116
Basic and diluted earnings per common share:
Net loss per common share	$	(0.31	)	$	(0.23	)
Preferred dividends per share	(0.12		)	(0.08		)
Net loss attributable to common shareholder per share	$	(0.43	)	$	(0.31	)

Schedule of Antidilutive Securities Excluded from Computation of Earnings Per Share

he following securities were not included in the computation of diluted net loss per share as their effect would have been anti-dilutive (presented on a weighted average balance):

	Three Months Ended March 31,
	2019	2018
Options to purchase common stock	1,085,497	1,070,164
Restricted stock	209,419	392,570
Warrants to purchase common stock	2,600,000	2,340,000
Convertible preferred stock	10,552,941	9,533,333
Total	14,447,857	13,336,067